American Eagle Outfitters Price Target Lowered to $13.00 at UBS AG (AEO)
Analysts at UBS AG dropped their price target on shares of American Eagle Outfitters (NYSE:AEO) from $15.00 to $13.00 in a research report issued to clients and investors on Friday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective would indicate a potential downside of 1.96% from the stock’s previous close.
American Eagle Outfitters (NYSE:AEO) traded down 2.14% during mid-day trading on Friday, hitting $13.26. The stock had a trading volume of 4,290,305 shares. American Eagle Outfitters has a one year low of $13.14 and a one year high of $22.97. The stock has a 50-day moving average of $14.44 and a 200-day moving average of $17.75. The company has a market cap of $2.556 billion and a price-to-earnings ratio of 12.25.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $727.00 million for the quarter, compared to the consensus estimate of $719.25 million. During the same quarter last year, the company posted $0.21 earnings per share. American Eagle Outfitters’s revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters will post $0.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 16th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Monday, September 30th.
A number of other analysts have also recently weighed in on AEO. Analysts at FBR Capital Markets initiated coverage on shares of American Eagle Outfitters in a research note to investors on Wednesday, October 2nd. They set a “market perform” rating and a $15.00 price target on the stock. Separately, analysts at Zacks downgraded shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, September 20th. They now have a $14.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of American Eagle Outfitters in a research note to investors on Monday, September 9th. They set a “neutral” rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $17.21.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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